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Showing 1141 - 1150 of 3464 results for "Stake"

No early super release for DV survivors

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
Among several other initiatives aimed at boosting women's economic security, the government has confirmed it will not proceed with plans to extend the early release of superannuation to family and domestic violence survivors. Scrapping the plan will ...

Investec fund in management buyout

KARREN VERGARA  |  MONDAY, 10 MAY 2021
... high-net-worth investor Phillips did not name. Investec remains the single largest investor in the fund with its $17 million stake. Other shareholders have committed a further $14 million of new capital into the fund as part of a second and final capital ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
... go-ahead to take over MLC's superannuation business. Yesterday, the regulator approved IOOF's application to hold a controlling stake in NULIS Nominees, the trustee for MLC Super. On 31 August 2020, IOOF entered into an agreement with National Australia ...

CountPlus firm finalises merger

ANNABELLE DICKSON  |  THURSDAY, 6 MAY 2021
... resources and capabilities of the CountPlus network." CountPlus currently owns 100% of Cooper Reeves and will retain a 51% stake in the merged firm. Despite having a lower shareholding, CountPlus expects positive earnings for shareholders. "The merger ...

Westpac to face court over insider trading

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
... consortium comprising AustralianSuper and several IFM entities. The allegations relate to the consortium's majority stake in Ausgrid, which it purchased from the NSW government in 2016. The consortium signed the deal at about 7am on 20 October 2016 ...

TCorp hires CBA capital markets executive

KARREN VERGARA  |  MONDAY, 3 MAY 2021
The New South Wales Treasury Corporation has appointed a long-serving Commonwealth Bank executive to the role of head of funding and balance sheet. Rob Kenna leads the team primarily responsible for raising debt in the form of bonds and managing the ...

Proxy advisers under scrutiny

ELIZABETH MCARTHUR  |  MONDAY, 3 MAY 2021
Proposed new legislation will see proxy advisers forced to be much more transparent on how and why they vote on matters put to shareholders. The government is proposing to reform proxy voting by requiring superannuation funds to disclose more detailed ...

Labor won't support YFYS Bill in current form

KANIKA SOOD  |  FRIDAY, 30 APR 2021
Labor senators' dissenting report on Your Future, Your Super reforms published yesterday says the opposition can't recommend the Bill passes in its current form for reasons including its rushed start date. Senate Economics Legislation released ...

Queensland advice firm joins Connectus

KANIKA SOOD  |  THURSDAY, 29 APR 2021
NASDAQ listed Focus Financial Partners has added a Queensland advice firm to its advice multi-boutique network Connectus. Aspiri Financial Services Group will join Connectus, which in December 2020 acquired S ydney's Brady & Associates Group, Melbourne's ...

Standard Life Aberdeen rebrands to Abrdn

KARREN VERGARA  |  TUESDAY, 27 APR 2021
... Standard Life Aberdeen recently offloaded the Standard Life name to Phoenix Group. Standard Life Aberdeen, which has a 14% stake in Phoenix Group as part of the partnership, entered into a new binding agreement with the insurer which will see Phoenix ...